Balance sheets.

							Group		Company
							------------------------------
							1995	1994	1995	1994
25 February 1995				Note	£m	£m	£m	£m
--------------------------------------------------------------------------------------
Fixed assets
Tangible assets					10	5,204	4,441	-	-	
Investments					11	6	5	3,454	2,947
							------------------------------
							5,210	4,446	3,454	2,947
 
Current assets
Stocks (goods for resale)				415	287	-	-
Debtors						12	104	93	488	366
Investments					13	135	99	105	80
Cash at bank and in hand				44	47	-	-
							------------------------------
							698	526	593	446

Creditors
Amounts falling due within one year		14	1,781	1,236	1,353	991
							------------------------------

Net current liabilities					(1,083)	(710)	(760)	(545)
							------------------------------

Total assets less current liabilities			4,127	3,736	2,694	2,402

Creditors
Amounts falling due after more than one year	15	921	890	753	741

Provisions for liabilities and charges		18	93	94	79	66
							------------------------------
							3,113	2,752	1,862	1,595
							------------------------------

Capital and reserves
Called up share capital				20	103	98	103	98
Share premium account				20	1,152	940	1,152	940
Other reserves					23	40	40	-	-
Profit and loss account				23	1,809	1,671	607	557
							------------------------------
							3,104	2,749	1,862	1,595
Minority interests					9	3	-	-
							------------------------------
							3,113	2,752	1,862	1,595
							------------------------------


Sir Ian MacLaurin
D E Reid C.A.
Directors
Financial statements approved by the Board on 10 April 1995

Chairman's statement Review The Board Financial review Accounts Contents